Many people believed that the real estate market was going to suffer in 2020 as a result of COVID-19. However, the market has flourished and continues to do so. The use of technology has been invaluable during these difficult times. As of July, reports showed that 36% of Americans would consider themselves more likely to purchase a home entirely online due to COVID-19, while 43% considered themselves more likely to sell a home entirely online. The question remains, how do you buy or sell a home entirely online?
According to the National Association of REALTORS® Research Group, in 2018, 93% of homebuyers used the internet during their search for a home and 56% of millennials found their homes using the internet. Online listings make it easy for both buyers and sellers to accomplish their real estate goals. A few of the best online real estate listing sites include Zillow, Trulia, HomeFinder, and Realtor. These online listings often include:
- High-quality images
- Virtual walkthroughs
- Property descriptions
- Location details
- Price and tax history
- Mortgage breakdowns
- Open house/tour scheduling options
- Realtor contact information
Listing sites make it easy for both buyers and sellers. Buyers can customize their search by area, price, size, and other keywords. Sellers can see how many people have viewed or saved their listing. Realtor information is easy to access, making it a breeze to ask questions or schedule a tour.
Virtual tours are a great option for those who are looking to buy or sell a home. These tours help keep the seller’s house clean and safe, while buyers still get to see the home in real-time. Virtual tours allow for a better understanding of the layout, the ability to spot any potential problems or repairs, and ask questions on the spot.
Technology has and will continue to be a great asset to the real estate industry. While in the past it may have been considered necessary to view the home in person, nowadays, technology has provided a myriad of solutions, leaving in-person viewings a mere option. If you are looking to buy or sell your home but are having trouble navigating the new norm that COVID-19 has established, the team at Posh Properties can help you with all of your real estate goals. Reach out today to get started.